Which of the Following Would Prevent a Labor Market from Being

question 61

Multiple Choice

Which of the following would prevent a labor market from being classified as perfectly competitive?

• A)It is difficult for new workers to enter the market.
• B)All workers have the same abilities.
• C)Exiting the market is easy for workers who are currently in the market.
• D)Both buyers and sellers of labor are well-informed about market conditions.
• E)Each firm hires only a tiny fraction of the total labor in the market.

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Definitions:

Bromine

A chemical element with symbol Br and atomic number 35, known for its reddish-brown color and presence in many organic and inorganic compounds.

Covalent Bond

A chemical bond formed by the sharing of one or more pairs of electrons between atoms to achieve stability.

Lone Pair Electrons

A pair of valence electrons that are not shared with another atom and hence do not participate in bonding but influence molecular shape and polarity.

Hydrogen Chloride

A diatomic molecule composed of hydrogen and chlorine; when dissolved in water, it forms hydrochloric acid.